eXp World Holdings, Inc. (the 'Company') has announced that the United States District Court for the Northern District of Georgia has granted final approval of a settlement agreement related to a class action lawsuit. This lawsuit was initiated by 1925 Hooper LLC and others, and the settlement aims to resolve claims on a nationwide basis. The settlement agreement, which was entered into on December 9, 2024, will become effective upon the expiration of the time to appeal the judgment or, if an appeal is filed, upon final resolution of such appeal. Importantly, the settlement does not constitute an admission of liability or the validity of any claims or defenses by any party involved. The Company has indicated that the information provided in this filing should not be considered as 'filed' under the Securities Exchange Act of 1934, nor should it be incorporated by reference in any other filings. This development is expected to have a small negative effect on the stock price as it indicates ongoing legal challenges, despite the resolution of this particular case.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.